CII’s Monthly Governance and Capital Market Regulation Update (July 30 - Sept 1)
This episode features CII General Counsel Jeff Mahoney covering the top 10 important events affecting institutional investors from July 30 to September 1, 2026. Some of the topics addressed include: The U.S. Securities and Exchange Commission's (SEC) Aug. 14 announcement that it will no longer respond to shareholder proposal no-action requests from companies, and CII Executive Director Glenn Davis's statement that the decision marks a setback for shareholder voice and removes a process that has long provided predictability and reduced litigation risk. CII's comment letter to the SEC opposing the Texas Stock Exchange's (TXSE) proposal to require brokers to vote uninstructed shares in proportion to the instructions received from shareholders who already voted, which CII warned could amplify the voting power of active shareholders and create particular concerns at dual-class companies and in contested votes. CII's Aug. 13 comment letter to the SEC urging the Commission not to rescind Rule 611 of Regulation National Market System, which generally prevents orders from being executed at prices worse than the best displayed exchange quote.






